Rising Oil Price Puts More Pressure on NNPC’s Finances
Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demand in key markets, thereby piling more pressure on the ability of the Nigerian National Petroleum Corporation (NNPC)...
Oil Hits Six-week High $68.47 As Dollar Weakens
The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases...
Nigeria’s Debt Stock To Hit N34trn With New Loans
The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government.
The House of Representatives yesterday approved the external loan...
Senate Approves FG’s Request For $1.5bn, €995m External Loans
The Senate yesterday gave the federal government the nod to borrow a total of $2.7 billion out of the $5.5 billion external borrowing request sent to the National Assembly by President Muhammadu Buhari in May last...
Oil Revenue To Remain Subdued As Output Plunges By 15%
Despite the recent rise in oil prices, there are strong indications that Nigeria is not likely to be out of the woods in its petroleum revenue performance and budget funding, due, mainly to the significant...
Deploying Blockchain Technology To Drive Healthcare in Nigeria
By Inyene Ibanga
This year’s edition of the Middle East premium technology show – the Gulf Information Technology Exhibition (GITEX 2020) – witnessed a wide array of tech launches and innovations, with attendees getting to handle the latest...
